Britain Booklet 3 Flashcards
How was Edward Heath as Prime Minister? (4)
- He was one of first to go to a state school
- he was perceived as stiff and not good with people
- he was not devious (colleagues said he was too honest for his own good)
- good policies
What were the main points of his manifesto? (6)
- tax reform
- better law and order
- reform of trade unions
- immigration control
- cut public spending
- end public subsidy of “lame duck” industry (one that can’t survive without state support)
What was the ‘Barber Boom’?
Chancellor Anthony Barber’s plan for economic growth with introduced tax cuts and cuts in public spending
Was the ‘Barber Boom’ successful?
No, as there was no economic growth and it was joined by a rapid rise in inflation, unemployment rose (500,000) and led to the word stagflation.
What is the meaning of stagflation?
A word by economist to describe the unusual combination of inflation and stagnant economic growth occurring at the same time
What changed with the currency?
It was decimalised, changed to 100 pennies instead of 144 pennies to align more with other European currencies
What was the main economic crisis of Heath’s government?
The oil crisis of 1973, triggered in Oct 1973 by the Yom Kippur War in the Middle East. This prompted OPEC which aimed to protect members of Oil supplying countries
What was the Industrial Relations Act, when was it and was it successful?
In 1972, the act was set up to provide strike ballots and a ‘cooling off period’ before official strikes could begin, but did not work as expected as the trades union congress and the confederation of British Industry opposed to it.
Who was Arthur Scargill?
He was the leader of the Yorkshire miners between 1972 and 1974, then later succeeding the President of the NUM
